Funded

Total loan: $525
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Fatimata

Mali
Koutiala, Mali / Retail

A loan of $525 helped to buy various items such as bed linens, blankets, and pearl necklaces.


Fatimata's story

Born around 1961, FATIMA is a widow and the mother of seven children. She lives with her children in the city of Koutiala.

Not having had the chance to attend school, Fatima has been involved for several years in sales of various items such as bed linens, blankets, pearl necklaces, etc.

In order to address the shortages which cause her to lose customers, she decided to join Soro Yiriwaso more than 6 years ago in order to satisfy her customers’ demand. After having taken out group loans which were all properly repaid, she is on her fourth individual loan, the preceding three having been repaid. She plans to buy a dozen sheets and ten blankets with this loan. She gets her supplies in Koutiala from wholesalers and makes her sales at the main market and on foot to a mixed clientele, for cash. With this increase in her working capital, she plans to make an average profit of 60,000 FCFA per month, which she will use to pay the interest on her loan and to contribute to family expenses, and will invest the rest in her business.

Translated from French by Kiva volunteer Shannon Arnold



Loan details

Loan length:

8 months
Disbursed date: January 21, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: January 21, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children